NewsMV

TNON: reverse split authorized up to 1-for-35, debt financing shares cleared at annual meeting

7/25/2026

A board-authorized reverse stock split in the 1-for-2 to 1-for-35 range is now in focus for Tenon Medical (TNON) after stockholders cleared the proposal at the company's July 23 virtual annual meeting.

The same session approved share issuances tied to convertible promissory notes from the March 11, 2026 debt financing, a transaction that could push new stock above 19.99% of the shares outstanding at that time.

The board holds sole discretion over the final ratio.

Reverse split: the vote and what passed The proposal to amend Tenon Medical's Second Amended and Restated Certificate of Incorporation passed 4,583,877 to 1,723,195, with 164,400 abstentions.